Hello everybody!
-On a daily chart, we can see that the price was moving within the triangle pattern and then the breakout happen before 3 days and until today the price was moving in a bearish direction. Today the day started with strong bullish control over this pair.
-On lower time frames we can see that the price is moving strong bearish.
-On a daily base, GBP is stronger than USD and on a weekly base, USD is stronger than GBP.
-If GBP remains stronger than USD we can expect further bullish movement and if GBP loses its strength we can expect bearish movement.
-From this informations we can see that GBP is gaining power and USD is losing its power but we will see what is going to happen, its Friday so we will see next week how the price will react to each other.
-I expect further bullish movement,...-But that is just my opinion
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see that the price was moving within the triangle pattern and then the breakout happen before 3 days and until today the price was moving in a bearish direction. Today the day started with strong bullish control over this pair.
-On lower time frames we can see that the price is moving strong bearish.
-On a daily base, GBP is stronger than USD and on a weekly base, USD is stronger than GBP.
-If GBP remains stronger than USD we can expect further bullish movement and if GBP loses its strength we can expect bearish movement.
-From this informations we can see that GBP is gaining power and USD is losing its power but we will see what is going to happen, its Friday so we will see next week how the price will react to each other.
-I expect further bullish movement,...-But that is just my opinion
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.